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Retail-cash flows for high-yield funds were positive $744 million in the week ended May 21, following a $472 million inflow last week and a $368 million infusion the week prior, according to Lipper. Unlike recent weeks, however, the inflow was dominated by exchange-traded funds, at 59% of the sum.

The trailing-four-week reading rises to positive $238 million per week in the latest reading, from positive $115 million last week and negative $59 million the week prior.

The full-year reading now shows inflows of $4.9 billion, and it's roughly 12% related to the ETF segment. In contrast, one year ago at this time, the inflow total stood at approximately $2.5 billion, with a breakdown of $2.7 billion of mutual fund inflows and $204 million of ETF outflows.

The change due to market conditions was negative $44 million this past week, or barely a measurable decrease of total assets, at $187.9 billion, of which 20% is tied to ETFs, or $37.5 billion. Total assets are up $7.1 billion in the year to date, reflecting a gain of roughly 4% this year. – Matt Fuller